Highway Development Decision-Making Under Uncertainty:

Name: Highway Development Decision-Making Under Uncertainty:
Brand: VDM Verlag Dr. Müller
SKU: 9783639353822
Price: 284.19 PLN
Availability: InStock

Analysis, Critique and Advancement

Autor: Mayar El-Khatib

Język:

Oprawa: Miękka

Wydawca: VDM Verlag Dr. Müller

Dostępność: Na zamówienie

Wysyłamy za 17-27 dni

284.19 zł

While decision-making under uncertainty is a universal problem, its implications in the field of tra...

Informacje o książce

Autor

Mayar El-Khatib

Język

Angielski

Oprawa

Książka - Miękka

Data wydania

2014

strony

184

EAN

9783639353822

Enbook ID

02207716

Wydawca

VDM Verlag Dr. Müller

Waga

290

Wymiary

150 x 220 x 11

Pełny opis

While decision-making under uncertainty is a universal problem, its implications in the field of transportation systems are especially consequential; where the benefits of right decisions can be substantial, the effects of wrong ones can be disastrous. Development decisions involving highways must incorporate traffic demand and land price. In the literature, these and other uncertainties are almost universally modeled using Geometric Brownian Motion (GBM). The book challenges this blanket assumption. Its vivid analysis of many aspects of transportation decision-making reveals novel findings including the new concept of Opportunity Cost of Wrong Decisions. Through empirical tests, the author invalidates one real-option application of the GBM model while corroborating the applicability of several others from the class of Lévy jump models. Despite similarity of model end results, the improvements in model precision further the quest for optimality and much more. Comprehensive and thorough, the book appeals to a wide range of readers including decision-makers, engineers, planners, academicians, researchers, politicians and others curious about any of the above topics.

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Highway Development Decision-Making Under Uncertainty:

Analysis, Critique and Advancement

Informacje o książce

Pełny opis

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